Movement Alert｜MMG Falls 3.05% in Regular Trading, Lower Output Guidance at Two Mines Continues to Weigh

Market Focus10-26

On October 26, MMG fell 3.05% in Regular Trading, trading at HK$6.82, with turnover of HK$7.6891 million.

The move aligns with continued market digestion of the company’s earlier cuts to full-year production guidance at Khoemacau and Rosebery, which remain a near-term overhang on earnings expectations.

Company disclosures showed third-quarter total copper output rose 3% year over year to 131,200 tonnes, supported by stronger production at Kinsevere as power supply improved and the sulphide processing line ramped up. However, Khoemacau’s full-year copper production guidance was reduced by 9% to 10%, while Rosebery’s zinc production guidance was cut by 29% to 33%. Rosebery was constrained by post-earthquake mining limits, and Las Bambas was affected by lower ore grades and recovery rates, leaving investors focused on pressure to subsequent operating performance despite gains elsewhere.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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